Roundhill Investments resurrected an exchange-traded fund focused on meme stocks on Wednesday, aiming to give everyday investors a simple way to play the new class of buzzy-yet-volatile stocks.

But if history repeats itself, that could signal the trade — and broader market — is already losing its steam.

Roundhill said the Meme Stock ETF , which launched again on Wednesday, trades under the ticker MEME. That's the same ticker the firm used for its previous meme-focused ETF that launched in late 2021 before closing two years later.

"Meme stocks started as a rebellion but have grown into a revolution," Dave Mazza, CEO of Roundhill Investments, said in a press release. "With MEME, we offer investors a tool to capture that power through an actively managed ETF that can rotate quickly int

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